Onward Technologies soars on inking engineering services contract to launch offshore development centre
Onward Technologies is currently trading at Rs. 275.55, up by 6.10 points or 2.26% from its previous closing of Rs. 269.45 on the BSE.
The scrip opened at Rs. 270.00 and has touched a high and low of Rs. 278.35 and Rs. 268.15 respectively. So far 3933 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 382.00 on 17-Jul-2025 and a 52 week low of Rs. 207.65 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 278.35 and Rs. 251.75 respectively. The current market cap of the company is Rs. 609.46 crore.
The promoters holding in the company stood at 39.07%, while Institutions and Non-Institutions held 13.36% and 47.57% respectively.
Onward Technologies has entered into an engineering services contract, to launch Dedicated Offshore Development Centre (ODC) for a leading global power management company. The aggregate contract value is around Rs 33 crore over a period of 3 years. This dedicated R&D capacity would enable faster execution towards supporting their Data Center Segment/Business Unit.
